ADAUSD H16: 1.30/1.30 TP BEARS / correction MODE(SL/TP)(NEW)

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ADAUSD H16: 1.30/1.30 TP BEARS / correction MODE(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT ADAUSD. Just showing
signs of weakness and recommend to stay out
of this market into the correction MODE.

🔸 Summary and potential trade setup
::: ADAUSD H16 chart review
::: not a great looking chart
::: upside capped by recent ATH
::: price/ RSI div very clear on D1/H16 TF
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 20-40% pullback possible next
::: 4-8 weeks in October/November 2021
::: right now limited upside
::: position traders should wait for
::: better entry prices later after
::: correction will complete in October/Nov 2021
::: target BEARS is 1.30/1.40 USD
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: STAY OUT / LIMITED UPSIDE
::: NOT A TRADE SETUP
::: bull run not over yet stay tuned
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION

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